Langham Hospitality, which is being spun off by Great Eagle Holdings, will raise about $550 million in its initial public offering on the Hong Kong Stock Exchange, the South China Morning Post reported.
Langham will sell shares at about the midpoint of its expected range, the publication said, citing analysts and people familiar with the pending share sale.
Earlier this month, Langham reflagged the 214-room Setai Fifth Avenue in New York as the first Langham Place hotel. Great Eagle Holdings bought the hotel last fall.
Langham Hospitality, whose history dates to the opening of its London flagship hotel in 1865, is expanding its presence in North America.
The Delta Chelsea in Toronto, Canada’s largest hotel, will be reflagged under Langham Hospitality Group’s Eaton brand in July.
Follow Danny King on Twitter @dktravelweekly.